Plug Power, FuelCell And Ballard Power Shares Benefit From Wal-Mart Order
Fuel cells stocks are hot Tuesday after Wa-Mart (NASDAQ: WMT) placed a follow-on order with Plug Power (NASDAQ: PLUG). Plug Power expects to deliver 286 fuel cells, adding to the initial 1,783 unit order in February.
Peer companies are trading higher as investors speculate on the viability of the fuel cell business.
- Plug Power up 7.3 percent
- FuelCell (NASDAQ: FCEL) up 1.7 percent
- Ballard Power (NASDAQ: BLDP) up 2.3 percent
Although these jumps are significant, shares of Plug Power are up almost 300 percent year to date and 1,430 percent over the past year.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.